Hawaii House Bill 2392

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 24 2024 - 25% progression
Action: 2024-02-16 - Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) Aiu, Garrett, Perruso, Takayama, Todd excused (5).
Pending: House Finance Committee
Text: Latest bill text (Amended) [HTML]

Amends various provisions of the Insurance Code to update and improve existing provisions. Defines "dormant captive insurance company" and sets out a procedure to apply for the certificate of dormancy. Adds the term "doing business as" to "trade name" statutory references. Clarifies continuing education provider filing requirements. Clarifies reinsurance intermediary-manager filing requirements. Amends the surety bond threshold requirement for third party administrators and clarifies the audited financial statements requirements. Amends the definitions of "controlled unaffiliated business" and "participant" as applied to captive insurance companies. Effective 7/1/3000. (HD1)

Relating To Insurance.

Rep. Scott Saiki [D]

Date	Chamber	Action
2024-02-16	House	Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) Aiu, Garrett, Perruso, Takayama, Todd excused (5).
2024-02-16	House	Reported from CPC (Stand. Com. Rep. No. 545-24) as amended in HD 1, recommending passage on Second Reading and referral to FIN.
2024-02-13	House	The committee on CPC recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 8 Ayes: Representative(s) Nakashima, Sayama, Amato, Belatti, Hashem, Hussey-Burdick, Onishi, Tam; Ayes with reservations: none; Noes: none; and 3 Excused: Representative(s) Gates, Lowen, Pierick.
2024-02-09	House	Bill scheduled to be heard by CPC on Tuesday, 02-13-24 2:05PM in House conference room 329 VIA VIDEOCONFERENCE.
2024-01-26	House	Referred to CPC, FIN, referral sheet 3
2024-01-24	House	Introduced and Pass First Reading.
2024-01-22	House	Pending introduction.

SB3081 (Same As) 2024-02-16 - Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.

Type	Source
Summary	https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=HB&billnumber=2392&year=2024
Text	https://www.capitol.hawaii.gov/sessions/session2024/bills/HB2392_.HTM
Text	https://www.capitol.hawaii.gov/sessions/session2024/bills/HB2392_HD1_.HTM